March 10, 2012

Different use of decision tools

Based on yesterday's presentations of all teams, I was really surprised by the uniqueness of each one. We all had available the same data, but yet we approached the decisions differently and end up with different results. If we consider this fact, it's amazing, but completely understandable.

Although I do know that there wasn't a right or wrong answer in that particular task, I found myself wondering about the decision-making process that we all used. The most surprising thing for me though was that all teams were able to justify and 'defend' their choices and the use of the decision tools, despite the fact that each team had different things.

Therefore, when we will have to deal with a real situation and more complex decisions what should we do? As Jeff said reality is much more difficult and companies use softwares to deal with these choices. The fact is that people are the ones who put the data in the computer so that the decision can be made. But always the biases lurking and you can never be 100% sure that you made the best decision. If you believe that you are deluding yourself and thus, the rest of the company...

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